SHARE THIS ARTICLE

Those low gas prices on station signs aren’t going away soon, the government says.

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.

If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.

Rising oil production, particularly in the U.S., and weak spots in the global economy have led to a sharp reduction in oil prices over the past four months. Not seeing much of a change ahead, the government cut its forecast for global oil prices next year by $18 a barrel to $83.



Read Article


With Gas Prices Dropping Like A Rock Are You Considering A Thirstier Vehicle?

About the Author

Agent009

User Comments

Terry989
JDMUSMuscle
tecnopolis
TauronB2G
MDarringer
TauronB2G
skytop
Sciros
MDarringer
dwagent
HoustonMidtown
ATrain
gkearns56
TehShibbs
JIEACE
MorePower

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]